Core Viewpoint - Viavi Solutions Inc. has announced a private exchange of $103.463 million of its 1.625% Convertible Senior Notes due 2026 for approximately 7,871,043 shares of its common stock at a price of $17.88 per share, facilitating a plan to prepay a minimum of $100 million of its Term Loan Credit Facility [1][2]. Group 1: Exchange Details - The exchange is expected to close on or about December 22, 2025, subject to customary closing conditions [2]. - Following the exchange, approximately $49.037 million of the 2026 Notes will remain outstanding, and the company will not receive any cash proceeds from the exchange [2]. Group 2: Transaction Participants - The transaction participants are believed to be institutional "accredited investors" and "qualified institutional buyers" as defined under relevant securities regulations [3]. Group 3: Company Overview - Viavi Solutions is a global provider of network test, monitoring, and assurance solutions across various sectors, including telecommunications, cloud, and military applications [4].